⚠️ #TradingMistakes101
One of the most common mistakes among crypto traders is being guided by emotions. 😓 Buying in FOMO (fear of missing out) or selling in panic during a dump can destroy your capital.
🧠 Another critical mistake: not having a trading plan. Entering a position without knowing where to exit is like driving without a destination.
📉 Many also ignore the importance of risk management: risking more than 2% of your portfolio in a single trade is financial suicide in the long run.
💤 Finally, underestimating the importance of rest: trading 24/7 without breaks leads to burnout and wrong decisions.
🔁 Study, analyze, improve. Learning from your mistakes is the first step towards discipline and success in trading.